Broomfield Construction & Development Lt - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05118804

BROOMFIELD CONSTRUCTION & DEVELOPMENT

LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Broomfield

REGISTERED OFFICE:

The Charmwood Centre

Bartley

Southampton

Hampshire

SO40 2NA

REGISTERED NUMBER:

05118804

ACCOUNTANTS:

Hargreaves & Co

The Charmwood Centre

Southampton Road

Bartley

Southampton

Hampshire

SO40 2NA

FIXED ASSETS

Tangible assets

4

121,634

126,364

CURRENT ASSETS

Stocks

127,546

5,791

Debtors

5

10,223

-

Cash at bank

163,419

208,314

301,188

214,105

CREDITORS

Amounts falling due within one year

6

(116,924

)

(102,680

)

NET CURRENT ASSETS

184,264

111,425

TOTAL ASSETS LESS CURRENT LIABILITIES

305,898

237,789

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

305,698

237,589

SHAREHOLDERS' FUNDS

305,898

237,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 March 2018 and were signed by:

R J Broomfield - Director

1.	STATUTORY INFORMATION

Broomfield Construction & Development Ltd is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

Office

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2016

202,929

45,983

12,375

261,287

Additions

35,815

-

-

35,815

At 30 June 2017

238,744

45,983

12,375

297,102

DEPRECIATION

At 1 July 2016

90,018

35,277

9,628

134,923

Charge for year

37,181

2,677

687

40,545

At 30 June 2017

127,199

37,954

10,315

175,468

NET BOOK VALUE

At 30 June 2017

111,545

8,029

2,060

121,634

At 30 June 2016

112,911

10,706

2,747

126,364

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

6,000

Other debtors

10,223

(6,000

)

10,223

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

67,843

8,645

Tax

20,656

45,184

CIS tax control

1,835

1,313

Social security and other taxes

1,160

1,168

VAT

13,415

38,137

Other creditors

897

897

Net wages payable

(552

)

4,774

Director's current account

9,640

597

Accrued expenses

2,030

1,965

116,924

102,680

7.	RELATED PARTY DISCLOSURES

The amount owed by the company to the director at the end of the year was £9,640. (2016 : £598).

8.	ULTIMATE CONTROLLING PARTY

The company was controlled through out the year by its director's R J Broomfield by the virtue of the fact that he

owned all the ordinary shares of the company.